CRYPTOCAP:OTHERS.D   Market Cap Others Dominance, % (CALCULATED BY TRADINGVIEW)
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Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price is moving in the parallel channel for 6 months. this is a valid and reliable channel.
the price reaches the upper line of the ascending channel and at this time, we see a Divergence between price and MACD . A downside trend of the price is more probable.
please note the image below. It is the 1H time frame and we see the price breaks down the trend line and this is our trigger to know the price is probably in the down trend.
Conclusion:
we expect that the ratio of bitcoin to other smaller cap coins is in the down trend. that means if you want to buy, it is better to buy bitcoin and if you want to sell (short), it is better to sell small cap coins.
Trade closed: target reached: the price reaches the midline of parallel channel.
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